Almost two months ago, Input-Output Global (IOG) and World Mobile have unveiled their partnership on Cardano Africa Special. Their goal is to "connect the unconnected And provide them with an Internet connection. Cooperation will focus on Zanzibar and greater Tanzania.
Now World Mobile will take a new step on Cardano en launching the public toke salen for the World Mobile Token. They aim to raise around $ 40 million in the month. The company has already received $ 5 million in a private tour.
Based on Atala PRISM from IOG , the partnership with IOG aims to build a platform on top of Cardano's blockchain infrastructure. Ultimately, their goal is to connect half of Africa's population to essential services, such as education, banking, finance, healthcare and more.
Although the partners recently revealed their partnership, World Mobile and IOG have been working together for several years. The company is looking to create a " WMT sharing economy and allow everyone in Africa to access the global financial system.
Why World Mobile chooses to build O n Top Of Cardano
The launch of the World Mobile Token will be a lever to "advance our vision", as stated by Sean Inggs, director of World Mobile Token. He added:
Micky Watkins, CEO of World Mobile, explained below why the company decided to rely on Cardano:
In addition, the executive claimed that this platform enables them to provide people with a solution with global scaling potential while maintaining the security of the blockchain. Cardano, said Watkins, aligns with their values and principles of social, economic and environmental sustainability. He added:
At the time of writing, ADA is trading at $ 1.46 with a sideways move in the 1-hour chart. The crypto market has reacted negatively to Statements by Jay Powell during from yesterday's FOMC meeting. Investors expecting less inflation, US dollar strengthened and commodities, BTC , ADA and the crypto market are losing ground.
Downward ADA trends in daily chart. Source: ADAUSDT negotiation view figcaption >